Int on plot can it be allowed as deduction
This query is : Resolved
05 February 2014
I had purchased a plot from a pvt bank can I avail interest as tax deduction if so under which section. I purchased the plot one year before. kindly advice
CA Ghanshyam Joshi
(Expert)
06 February 2014
Not available for deduction, interest on loan taken for purchase of house properly is deductible
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